Software Testing Market size to grow by USD 15.94 billion from 2022 to 2027, North America to account for 40% of the market growth

NEW YORK, May 11, 2023 /PRNewswire/ — The software testing market size is expected to grow by USD 15.94 billion from 2022 to 2027. The market is estimated to be progressing at a CAGR of 9.22% as per the latest Technavio market research report. North America is estimated to account for 40% of the market’s overall growth. The growing use of software and applications in the retail, BFSI, telecom, and media industries in the region drives up demand for software testing services. The largest providers of banking services, including JPMorgan Chase & Co. (JPMorgan), Citigroup Inc. (Citigroup), Goldman Sachs Group Inc. (Goldman Sachs Group), and Mitsubishi UFJ Financial Group Inc. (Mitsubishi UFJ Financial Group), modernize their IT infrastructure and implementing new IT solutions that incorporate cutting-edge technologies like cloud computing and IoT. Hence, such factors drive the market growth during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES

Software Testing Market: Increasing adoption of mobile testing to drive growth

• The rise in test automation services drive market growth. Services for test automation are very popular with businesses, where they speed up software testing and shorten the testing turnaround time.
• Due to these services, the software is tested using an automated testing methodology by the tester.
• Test automation services’ primary goal is to minimize manual intervention and enhance testing results. Also, the automation tool in a software testing process automates the login and registration forms, user access counts, all GUI elements, database connections, and other test-related tasks.
• Furthermore, these services have a number of advantages that encourage businesses to use them, including shorter testing times and cost savings. 

Software Testing Market: Growing Momentum Of Crowdsourced Testing 

• The growing momentum of crowdsourced testing is an emerging trend in the software testing market. 
• The term crowdsourced test describes the testing services provided by a dispersed group of temporary workers worldwide and it offers a significant testing method for the verification of applications in the later stages of software development.
• This testing approach functions in a variety of ways. In certain circumstances, testers may employ their environment or a crowdsourced testing platform to test the software, or they may use virtual machines (VMs) or device emulators and the testers occasionally work directly with customers and complete tasks as required.
• Thus, such factors fuel the market growth during the forecast period.

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• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession  
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Some of the key Software Testing Market Players:

The software testing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Atos SE, BRISA, Capgemini Service SAS, Cognizant Technology Solutions Corp., DeviQA Solutions, Expleo Group SAS, Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., Kualitatem Inc., Oxagile, QA Mentor Inc., QA TestLab Solutions Ltd., QASource, QualiTest Group, QualityLogic Inc., Tata Consultancy Services Ltd., Testfort, Wipro Ltd., Quality Area Ltd., and LogiGear Corp.

Software Testing Market: Segmentation Analysis

This software testing market report extensively covers market segmentation by service (functional, digital testing, and specialized offering), end-user (BFSI, telecom and media, manufacturing, retail, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market share growth by the functional segment will be significant for overall market growth during the forecast period. Functional testing is a type of software quality control that examines the specific features or operations of an application and offers a framework for identifying and resolving functional issues in applications prior to their release into production, which lowers overall costs related to corrective actions after release. Therefore, it also drives investment in functional software testing services. Thus, rising demand for applications drives functional software testing services during the forecast period.

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global software testing market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global software testing market 2017 – 2021 ($ billion)

• 4.2 Service Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Service Segment 2017 – 2021 ($ billion)

• 4.3 End-User Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – End-User Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Service

• 6.1 Market segments
• Exhibit 30: Chart on Service – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Service – Market share 2022-2027 (%)

• 6.2 Comparison by Service 
• Exhibit 32: Chart on Comparison by Service
• Exhibit 33: Data Table on Comparison by Service

• 6.3 Functional – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Functional – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Functional – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Functional – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Functional – Year-over-year growth 2022-2027 (%)

• 6.4 Digital testing – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Digital testing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Digital testing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Digital testing – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Digital testing – Year-over-year growth 2022-2027 (%)

• 6.5 Specialized offering – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Specialized offering – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Specialized offering – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Specialized offering – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Specialized offering – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Service 
• Exhibit 46: Market opportunity by Service ($ billion)
• Exhibit 47: Data Table on Market opportunity by Service ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 48: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 49: Data Table on End-user – Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 50: Chart on Comparison by End-user
• Exhibit 51: Data Table on Comparison by End-user

• 7.3 BFSI – Market size and forecast 2022-2027 
• Exhibit 52: Chart on BFSI – Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on BFSI – Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on BFSI – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on BFSI – Year-over-year growth 2022-2027 (%)

• 7.4 Telecom and media – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Telecom and media – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Telecom and media – Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Telecom and media – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Telecom and media – Year-over-year growth 2022-2027 (%)

• 7.5 Manufacturing – Market size and forecast 2022-2027 
• Exhibit 60: Chart on Manufacturing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Manufacturing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Manufacturing – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Manufacturing – Year-over-year growth 2022-2027 (%)

• 7.6 Retail – Market size and forecast 2022-2027 
• Exhibit 64: Chart on Retail – Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Retail – Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Retail – Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Retail – Year-over-year growth 2022-2027 (%)

• 7.7 Others – Market size and forecast 2022-2027 
• Exhibit 68: Chart on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 72: Market opportunity by End-user ($ billion)
• Exhibit 73: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 75: Chart on Market share by geography 2022-2027 (%)
• Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 77: Chart on Geographic comparison
• Exhibit 78: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 79: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027 
• Exhibit 87: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 95: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 99: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 103: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 UK – Market size and forecast 2022-2027 
• Exhibit 107: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027 
• Exhibit 111: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027 
• Exhibit 115: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 116: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 117: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 119: Market opportunity by geography ($ billion)
• Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.3 Impact of drivers and challenges 
• Exhibit 121: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

• 11.2 Vendor landscape
• Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 123: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 124: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 125: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 126: Matrix on vendor position and classification

• 12.3 Capgemini Service SAS 
• Exhibit 127: Capgemini Service SAS – Overview
• Exhibit 128: Capgemini Service SAS – Business segments
• Exhibit 129: Capgemini Service SAS – Key news
• Exhibit 130: Capgemini Service SAS – Key offerings
• Exhibit 131: Capgemini Service SAS – Segment focus

• 12.4 Cognizant Technology Solutions Corp. 
• Exhibit 132: Cognizant Technology Solutions Corp. – Overview
• Exhibit 133: Cognizant Technology Solutions Corp. – Business segments
• Exhibit 134: Cognizant Technology Solutions Corp. – Key news
• Exhibit 135: Cognizant Technology Solutions Corp. – Key offerings
• Exhibit 136: Cognizant Technology Solutions Corp. – Segment focus

• 12.5 DeviQA Solutions
• Exhibit 137: DeviQA Solutions – Overview
• Exhibit 138: DeviQA Solutions – Product / Service
• Exhibit 139: DeviQA Solutions – Key offerings

• 12.6 Expleo Group SAS
• Exhibit 140: Expleo Group SAS – Overview
• Exhibit 141: Expleo Group SAS – Product / Service
• Exhibit 142: Expleo Group SAS – Key offerings

• 12.7 Hexaware Technologies Ltd. 
• Exhibit 143: Hexaware Technologies Ltd. – Overview
• Exhibit 144: Hexaware Technologies Ltd. – Product / Service
• Exhibit 145: Hexaware Technologies Ltd. – Key offerings

• 12.8 Infosys Ltd.
• Exhibit 146: Infosys Ltd. – Overview
• Exhibit 147: Infosys Ltd. – Business segments
• Exhibit 148: Infosys Ltd. – Key news
• Exhibit 149: Infosys Ltd. – Key offerings
• Exhibit 150: Infosys Ltd. – Segment focus

• 12.9 International Business Machines Corp. 
• Exhibit 151: International Business Machines Corp. – Overview
• Exhibit 152: International Business Machines Corp. – Business segments
• Exhibit 153: International Business Machines Corp. – Key news
• Exhibit 154: International Business Machines Corp. – Key offerings
• Exhibit 155: International Business Machines Corp. – Segment focus

• 12.10 Kualitatem Inc.
• Exhibit 156: Kualitatem Inc. – Overview
• Exhibit 157: Kualitatem Inc. – Product / Service
• Exhibit 158: Kualitatem Inc. – Key offerings

• 12.11 LogiGear Corp.
• Exhibit 159: LogiGear Corp. – Overview
• Exhibit 160: LogiGear Corp. – Key offerings

• 12.12 Oxagile
• Exhibit 161: Oxagile – Overview
• Exhibit 162: Oxagile – Product / Service
• Exhibit 163: Oxagile – Key offerings

• 12.13 QualiTest Group
• Exhibit 164: QualiTest Group – Overview
• Exhibit 165: QualiTest Group – Product / Service
• Exhibit 166: QualiTest Group – Key offerings

• 12.14 Quality Area Ltd.
• Exhibit 167: Quality Area Ltd. – Overview
• Exhibit 168: Quality Area Ltd. – Product / Service
• Exhibit 169: Quality Area Ltd. – Key offerings

• 12.15 QualityLogic Inc.
• Exhibit 170: QualityLogic Inc. – Overview
• Exhibit 171: QualityLogic Inc. – Product / Service
• Exhibit 172: QualityLogic Inc. – Key offerings

• 12.16 Tata Consultancy Services Ltd. 
• Exhibit 173: Tata Consultancy Services Ltd. – Overview
• Exhibit 174: Tata Consultancy Services Ltd. – Business segments
• Exhibit 175: Tata Consultancy Services Ltd. – Key news
• Exhibit 176: Tata Consultancy Services Ltd. – Key offerings
• Exhibit 177: Tata Consultancy Services Ltd. – Segment focus

• 12.17 Wipro Ltd.
• Exhibit 178: Wipro Ltd. – Overview
• Exhibit 179: Wipro Ltd. – Business segments
• Exhibit 180: Wipro Ltd. – Key news
• Exhibit 181: Wipro Ltd. – Key offerings
• Exhibit 182: Wipro Ltd. – Segment focus

13 Appendix

• 13.2 Inclusions and exclusions checklist 
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations 
• Exhibit 189: List of abbreviations

About Technavio

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